In the next 5 years, trillions of dollars in assets will be Digitized via NFTs
The global bond market is about $100 trillion. Commercial Real Estate is worth about $32 trillion and Agricultural Real Estate about $27 trillion. Total residential Real Estate is about $170 trillion at the end of 2019. If we have to put a number of that we reach about $230 trillion. The total world equity market at the end of 2019 was nearly $90 trillion. Venture capital and private equity come in at $3.5 trillion. The physical fine art market is about $1.5 trillion. The global cryptocurrency market cap is currently over $2 trillion. And the global nft market cap is approaching $1 trillion. Therefore, if we add up this Capital Formation, (the combination of real estate, equities, bonds, fine art, vc, private equity, crypto, and nfts) this number works out to be about $427 trillion. Digitization of all asset classes is well underway.